LS Help I System Announcements CALCULATOR PRIN IER VERSION 4BACKI NEXT Expand Your Critical Thinking 9-5 Whispering Winds Company and Ayayai Company are two proprietorships that are similar in many respects. One difference is that Whispering Winds Company uses the straight-line method and Ayayai Company uses the declining-balance method at double the straight-line rate. On January 2, 2017, both companies acquired the depreciable assets shown below. Asset Buildings $415,000 $15,000 Equipment 135,000 Cost Salvage Value Useful Life 40 years 10 years 15,000 Including the appropriate depreciation charges, annual net income for the companies in the years 2017, 2018, and 2019 and total income for the 3 years were as follows. 2017 2018 2019 Total Whispering Winds Company $80,500 $84,900 $86,500 $251,900 Ayayai Company 60,000 68,000 77,000 205,000 At December 31, 2019, the balance sheets of the two companies are similar except that Ayayai Company has more cash than Whispering Winds Company. Lynda Peace is interested in buying one of the companies. She comes to you for advice. Answer the following search /28/2018